Transition Vests 100% Interest in Cryderman Property Located in the Heart of the Shining Tree Gold Camp, Ontario – MENAFN.COM

  • Date: 12-May-2021
  • Source: MENAFN
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

Transition Vests 100% Interest in Cryderman Property Located in the Heart of the Shining Tree Gold Camp, Ontario – MENAFN.COM

(MENAFN - Newsfile Corp) Transition Vests 100% Interest in Cryderman Property Located in the Heart of the Shining Tree Gold Camp, Ontario Channel sampling by Transition in 2019 included 21 channels totalling 46 samples spaced along the approximately 100 metres of the exposed strike length of the Queen Elizabeth Vein (QEV). The southerly most channel returned 9. 15 g/t Au over 1. 07 metres including 11. 30 g/t Au over 0. 47 metres; and the northerly most channel returned 11. 55 g/t Au over 0. 54 metres. The channels located in between returned from 15. 70 g/t Au over 0. 49 metres to 0. 08 g/t Au over 0. 71 metres. Sampling of peripheral alteration and quartz stringers to the QEV returned values between 3. 44 g/t Au over 1. 63 metres and 0. 44 g/t Au over 0. 58 metres suggesting potential for a much wider mineralized zone. (Refer to news release dated November 27, 2019). Transition President and CEO Scott McLean commented "This property is strategically located near the center of a real hot spot for gold mineralization in a part of the Abitibi undergoing a resurgence of exploration and development activity. Investments in the area from major